Choosing an accountant for your business is always a delicate endeavour. It’s incredibly important for your accountant to under­stand your business thoroughly, inside and out, backwards and forward. So, for some non-traditional businesses (i.e. profes­sional blogger), this can be tricky to say the least. A post titled How to pick an accountant for your online business […]

More →

Generally when a dispo­sition of capital property occurs, a gain or loss is recog­nized. Occasionally the dispo­sition results in no real change to the economic interest of the property, like when an individual transfers property to a corpo­ration they own. A rollover provides a way to defer the gain or loss. Section 85 of the Income […]

More →

A small business usually starts out as a sole propri­etorship, owned and operated by the founder personally and reporting business income on their annual personal tax return. But as the business grows, the question of incor­po­ration will always arise, and there are several factors to consider when this happens. The most important single factor, in […]

More →